Cashdog x Satoshi Club AMA Recap from 19th of June

Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Cashdog and our guest was @MrKawdy, @Chonkybob, @cryptogrogu69 – representatives of Cashdog. The AMA took place on 19th of June.

The total reward pool was 500$ and has been split into 3 parts.

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Website

Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Cashdog! Welcome to Satoshi Club😀

D. | Satoshi Club:
👋

today our guests – @MrKawdy @Chonkybob @cryptogrogu69 !

What’s up!

Mr Kawdy (WILL NOT DM YOU FIRST):
Thanks for the warm welcome!

Wes (WILL NEVER DM YOU FOR MONEY):
Nice to be here 🙂

D. | Satoshi Club:
Good to have you here guys.

Mary | Satoshi Club:
Hello, guys! How are you today?😀

Wes (WILL NEVER DM YOU FOR MONEY):
Pretty good here! How about you guys?

D. | Satoshi Club:
Fantastic.

Mary | Satoshi Club:
We are fine as well 😊

So, let’s start our AMA 🚀

And we will start it with intro as usually 😀 please introduce yourself and of course Cashdog project!

D. | Satoshi Club:
This thing is aggressive 👀

Mary | Satoshi Club:
Really?😂 I thought it’s fun😂

Mr Kawdy (WILL NOT DM YOU FIRST):
Hey there, my name is Phil and I lead development activities at CashDog. I’ve helped start and also run a few successful projects as well – notably $CHONK, $LOOT, $EARN$, and $BDT

Wes (WILL NEVER DM YOU FOR MONEY):
Hi everyone – well my name is Wes, I’m the CEO of CashDog. I’ve been involved in Crypto for a few years now and stared my first project NFTLootBox.com last year. More recently we’ve been looking at launching other tokens too. We felt there was a market there for new tokens launched from a public and trusted team. To be honest I was fed up with seeing all the rug pulls anfd scams out there. So CashDog is one of the first ones. We wanted to have a token that also gave something back, so CashDog has a Charity element, where 3% of each trade is donated to Dog Charities. We made out first donation this week, ahead of schedule, to Holly Hedge.

Mary | Satoshi Club:
So, you have big experience in cryptospace, can you tell us how long are you here?😀

Mary | Satoshi Club:
Have you been involved in charity before?

Wes (WILL NEVER DM YOU FOR MONEY):
In crypto for years, but actually running projects for a year now. This is the first one to have a charity element.

Mr Kawdy (WILL NOT DM YOU FIRST):
I got involved with crypto casually as an investor around 2015 and started developing projects in 2020

Mary | Satoshi Club:
You started early 👍 sure, your knowledges will help a lot

D. | Satoshi Club:
You added charity element in your project because such activities are popular now in crypto?

Mary | Satoshi Club:
Never late to try

Wes (WILL NEVER DM YOU FOR MONEY):
We have some proof of our first donation by the way – The nice folks at Holly Hedge added to their website. Please check them out if you have time. They do great work https://hollyhedge.org.uk/2021/06/cashdog-donates-an-incredible-5000/

The charity part was just a way of giving back. I’m a huge dog lover. My dog Roxy was a rescue dog. I thought it would be nice to be able to doing something like this.

D. | Satoshi Club:
Nice 👍

Mary | Satoshi Club:
You payed them half of monthly vet bills, incredible!

Thank you, guys for your intro!

Wes (WILL NEVER DM YOU FOR MONEY):
They were super greatful. We’ll be doing more donations this month, and as we grow, so will the amount we can donate. Hopefully we can make a real difference. None of it is possible without our amazing community though!

Mary | Satoshi Club:
Awesome 👍

Are you ready for the questions from our community?😀

Wes (WILL NEVER DM YOU FOR MONEY):
Sure lets do it!

D. | Satoshi Club:
Lets go!

Q1 from Telegram user @NataliyaKil
The pre-sale started on June 6th, 2021 at 6:00 pm utc and ended in 25 seconds? Congratulations!!! What work has been done by the team and the community to achieve this result? Can you tell us about the details of the pre-sale preparation, how the event went and what are your next plans to promote CashDog?

D. | Satoshi Club:
Did you use some particular platform for presale or your own site?

Wes (WILL NEVER DM YOU FOR MONEY):
Of course – A lot of work went into in beforehand. We have an amazing marketing team that work so hard. But one thing that helped a lot was that people know us from other projects. They have seen our other projects and trust us. We are fully public and do regular videos. So that helps a lot! We did the sale on DXSale.

DXSale is great because you can automatically launch on pancakeswap and lock liquidity with them. CashDogs liquidity is locked until 2099 with DXSale

Mary | Satoshi Club:
How much did you collect? Why did you choose to do pre-sale?

D. | Satoshi Club:
So other of your projects are still running? do you have plans to use tokens from other crypto projects, where you took part, in this one?

Wes (WILL NEVER DM YOU FOR MONEY):
Plan for further promotions are being done by our amazing marketing team. We have 4 dedicated people that are always looking for new ways to promote, through twitter, youtube, insta, facebook.. etc

Mary | Satoshi Club:
And one more important thing – do you plan any more sales in the future?😀

Wes (WILL NEVER DM YOU FOR MONEY):
NFTLootBox and EARN$ are going stong! NFTLootbox has some amazing new features that are almost ready to depoly. We have been very luck to work with a dev team in the US that are amazing. So watch this space. Yes there will be future sales. But at the moment we are putting all our efforts into the exisiting projects!

The hope is to create a set of Tokens, an ecosystem is you like, that can work together and help each other. People can see the success of the current projects and have faith that the new ones will be equally successful

D. | Satoshi Club:
Gotcha.

Mary | Satoshi Club:
Super! Thank you for your answers! Ready to proceed?😀

Wes (WILL NEVER DM YOU FOR MONEY):
I think that in Crypto, one of the most important things is trust. And each day with our actions we hope to build on that trust.

Yes ready 🙂

Q2 from Telegram user @Highpee
After your presale on DxSale, you released an update on June 7 and one of the points you highlighted was that the team dev will renounce the contract after pancakeswap listing and that a public proof will be shared on your Telegram to confirm this when it is done. I scan your contract on bscscan but didn’t see any indication that the contract has been renounced. Also, I haven’t seen any announcement in your Telegram group to confirm this. Is already 10 days after you listed on pancakeswap. Is there a new change in plan? Will the team no longer renounce the contract? Do the team still intend to retain a level of control on the project or do you plan to make it a fully community driven project as well as introduce models that will ensure the community have a say in project development?

Wes (WILL NEVER DM YOU FOR MONEY):
Good spot! Yes we do plan to renounce the contract. It wasn’t deemed as urgent as it probably is with other projects as there is that level of trust. But it’s something that will be done soon.

Mary | Satoshi Club:
So, no one from the community still didn’t ask you about this?😀 It shows a big level of trust, isn’t it?

Wes (WILL NEVER DM YOU FOR MONEY):
They do trust us. Which is nice! But I think with BSC projects there is always some level of doubt! So that’s why we said we will renounce.

Mary | Satoshi Club:
How it will happen? Can you describe this process for those who doesn’t know?

Wes (WILL NEVER DM YOU FOR MONEY):
over to our lead Dev 🙂

Mr Kawdy (WILL NOT DM YOU FIRST):
Yep!

So essentially, we interact with the contract via bscscan and can execute a renounce ownership write on the contract.

Only the owner of the contract can do this – the deployer of cashdog (us).

Mary | Satoshi Club:
This action will result to…😀

Mr Kawdy (WILL NOT DM YOU FIRST):
Action results in renounced ownership or that we no longer own the contract and the burn address retains ownership.

Mary | Satoshi Club:
Thank you! I think this explanations are very important for those who are new to the crypto😀

D. | Satoshi Club:
There will be no owner of the contract? after this.

Mr Kawdy (WILL NOT DM YOU FIRST):
this doesn’t change anything on the user’s end but can increase trust as we can’t perform ownership functions that could be potentially be malicious. we would never do that though as we’re fully doxxed and public and are trustworthy

One of the reasons we have held off is due to excluding addresses as if we implement staking or are sending tokens to exchanges for CEX listings, it is ideal to have these excluded as our tokenomics work with a fee on each trade

as you can imagine, it’s better to have fees disabled for staking so the user gets back the full amount of tokens

Mary | Satoshi Club:
But if you will need to change something in the future in your contract will it be possible? some crytical mistakes or another changes?

Mr Kawdy (WILL NOT DM YOU FIRST):
Renouncing ownership wouldn’t cause any critical mistakes, but would prevent us from excluding addresses from the fee or changing the fee charged on each trade if deemed to be too high.

D. | Satoshi Club:
Thanks for great answer!

Mary | Satoshi Club:
Ready to go to the next question?😉

Mr Kawdy (WILL NOT DM YOU FIRST):
Of course, you’re welcome to dm me any further questions you have about it

Yes!

Mary | Satoshi Club:
Noted😀

D. | Satoshi Club:
Let’s talk about fees.

Q3 from Telegram user @lzamg
For every trade made with the Cashdog token there is a fee of 11%, which is divided into: 2% redistributed for all holders, 3% for donations to dog charities, 3% added to locked liquidity and 3% for running costs and promotion. Don’t you consider that 11% is too high for every trade? Won’t this discourage users from trading with the token? Isn’t it more convenient to, for example, set a percentage of the total supply for running costs and promotion instead of charging 3% of each trade for that?

Mr Kawdy (WILL NOT DM YOU FIRST):
Great question!

Wes (WILL NEVER DM YOU FOR MONEY):
I think the tokenomics are sound. Those kind of percentages are very common in BSC projects these days. Having funds to market the project is so important. There are great projects out there, but if they don’t have the funds to market, then no one ever hears about them. These fees, while they might seem high, help with the long term success of the project.

We have been able to book 21 Twitter guys to post about us this weekend. Without the % fees that just would not be possible. Then there are costs like CEX listings. All these things help with the long term success of the project

D. | Satoshi Club:
Any plans to change percentage of these fees if community vote for this? or you think you know better how set up the taxes?

Mary | Satoshi Club:
Ok, that’s nice for the beginning, but let’s imagine if bank charge us 10% fee😀 Or for example your marketcap will grow? Won’t it be too high?

Wes (WILL NEVER DM YOU FOR MONEY):
We are always listening to the community. If it’s something they feel strongly about we might be able to look at it. But you have to find a balance. Would people like a smaller % fee and less marketing? I’d say no. But we’re always listening

Mr Kawdy (WILL NOT DM YOU FIRST):
We’ve run projects without fees and have found that our budgets were much more limited in terms of marketing and development. These fees ensure that we are able to make the mass market aware of us and give us potential to surpass +$100M, +$1B market cap

Mary | Satoshi Club:
Sure, you will find that balance 😀

Mary | Satoshi Club:
Thank you for your answers guys! Ready to jump to the next question?

Wes (WILL NEVER DM YOU FOR MONEY):
Let’s do it!

Q4 from Telegram user @kimterbear
The CashDog team introduced themselves as The LOOT Degen Club. The problem of numerous rugpulls have give birth to the said team. The team are mainly from NFTLootBox which is the reason why CashDog is partnered with NFTLootBox. Why did the team from another token migrated into CashDog? Or are they like sister company and operates under and managed by the same team? How will this partnership help the community built by CashDog? Being partnered with a Non Fungible Token (NFT) Coin, do this make NFT possible for CashDog?

Wes (WILL NEVER DM YOU FOR MONEY):
Good question!

NFTLoot was my first project and is still going strong. The development team is completely seperate though, allowing us to work on both projects at the same time. So there was no migration as such, rather two seperate projects with the same leadership – if that makes sense. It helps CashDog in many ways. Firstly there are a lot of investors from Loot that have bought and are holding Cashdog. There is always room for the projects to work together. We can pull on the experience from the Loot Dev team to work on CashDog NFTs and staking if needed.

Being part of a overall larger combined community helps both projects in my opinion

Mary | Satoshi Club:
When you plan to launch Cashdog NFTs?

Wes (WILL NEVER DM YOU FOR MONEY):
Haha that is something we’ve talked about. It’s important to have a use case for them, not just NFTs for the sake of it. But we’re confident we can come up with a solution. I can see in the furture having CashDog NFTs for the CashDog community, but some of those NFTs being available to win in NFTLootBox. Just one way we can help to boost both projects

Mary | Satoshi Club:
Yes, that is true 😀

Wes (WILL NEVER DM YOU FOR MONEY):
One idea, but for the future.. would be a NFT to help individual dogs. So you could virtually adopt a Dog by buying the NFT. The money raised for the NFT would be donated to the charity that is caring for the dog. Just one idea we’ve been talking about

D. | Satoshi Club:
This is actually a very cool idea.

Wes (WILL NEVER DM YOU FOR MONEY):
Thanks!

Mary | Satoshi Club:
I like this! I like animals, but now i can’t adopt them! 🤩

Wes (WILL NEVER DM YOU FOR MONEY):
🙂

Mary | Satoshi Club:
Thank you for your answers! Do you want to add something or we can go to the next question?

Wes (WILL NEVER DM YOU FOR MONEY):
All good from me. Let do the next 🙂

Q5 from Telegram user @Rakshitx5
You have written on your website that all donations are public but how we will know that donations are being used for dog charity? Are you gonna provide pictures of that?

Wes (WILL NEVER DM YOU FOR MONEY):
We have been asking that the charity makes it public so we can prove to our users. The very first one kindly agreed and you can see it here https://hollyhedge.org.uk/2021/06/cashdog-donates-an-incredible-5000/

Other donation may be crypto, in which case we can provide transaction ID etc.

Mary | Satoshi Club:
Got it, i think it’s enough for the beginning 😀 in the future you can hire accountant for this😉

And only one 6th question left from this part 😀

Ready, guys?

Mr Kawdy (WILL NOT DM YOU FIRST):
Fire away!

Wes (WILL NEVER DM YOU FOR MONEY):
Sure!

Mr Kawdy (WILL NOT DM YOU FIRST):
👍👍👍

Q6 from Telegram user @yellowchamp
I see in your August Roadmap ,you will have your First Celebrity Endorsement. So,as we know advertising is so costly especially when using a celebrity to endorse so do you really consider funding for this great advertisement as we know CashDog is still new in the market? Where will you get funds to sustain the needs of funding for this First Celebrity Endorsement in your platform? Can you tell us,who will be the celebrity you will consider for this First endorsement of your platform? Did you already negotiate with this celebrity since August is fast approaching? How will be the deal in between the celebrity endorser and your platform with regards to this first Celebrity Endorsement in your platform? What do you think will be the impact that it brings to your platform in using celebrity in your first endorsement? Thank you

D. | Satoshi Club:
By the way, i see there is no straight donation in crypto on this site, i noted only donation in fiat through credit card. so how you donating in crypto to them?

Wes (WILL NEVER DM YOU FOR MONEY):
I did the donation from my card 🙂 – we may have to do a lot like that as most Dog Charities are not set up for direct Crypto payements

Mary | Satoshi Club:
You should ask them to adopt crypto and crypto will adopt dogs instead of it😂

D. | Satoshi Club:
Yeah, I’m actually a big charity fan too, for me would be cool if donation in crypto is available everywhere. it more convenient.

Wes (WILL NEVER DM YOU FOR MONEY):
The funds for Endorsements will come from the marketing budget, if needed. But we’ve been reaching out to multiple celebs via their social medias, we are hoping we can get someone without having to pay them! If they are interested in helping dogs they hopefully wont need paying! As a backup plan we’re taking to the guys at https://biz.cameo.com/ but it’s a back up plan. We really want someone who is actually interested in helping. As we grow and get more exporsure, getting the endorsement should be easier

Mary | Satoshi Club:
Yes, cameo is cool, hope this also will work😀

Wes (WILL NEVER DM YOU FOR MONEY):
It’s actually something we hope will help us grow. As we make larger and larger donations, we should get more publicity for CashDog, which will increase the MC and volume. This in turn means we get more money for larger donations. We are hoping for a snowball effect in this regard.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @vedamatrix
When I try to buy your tokens on pancake it gives slippage error event I set is to 10%. So how much slippage should I set for your project?

Mr Kawdy (WILL NOT DM YOU FIRST):
You should set your slippage to at least 12-13% – that ensures a smooth transaction.

Q2 from Telegram user @slla1112
We are always ready to participate in charity projects for stray dogs. Just do as he says, let’s be sure. How will we know that a donation has actually been made? How can we help CASHDOG as a community?

Wes (WILL NEVER DM YOU FOR MONEY):
All our donations will be public. You can see the first one in the answers above. You can help by buying some cashdog and joining our beautiful community! t.me/cashdogchat

Q3 from Telegram user @ask2lance
Token burning is a strategy followed by cryptocurrency projects to influence the price of a token, or coin, in the market. This is done by permanently removing some tokens from circulation. Do you plan on any token burn on your project?

Wes (WILL NEVER DM YOU FOR MONEY):
We actually do Buy Backs and burns from time to time. If you join our room you can see the transaction proof of the burns. Over 60% of the supply is aleady burned forever 🙂

Q4 from Telegram user @cryptoamee
Bear market will not be easy for a new project to survive. We have seen so many projects failed to survive in the bear market, Have you thought about this? What are the plans on surviving on bear market?

Mr Kawdy (WILL NOT DM YOU FIRST):
Of course. Anyone running a crypto project needs to be attuned to the macro market conditions. I personally believe a bear market hasn’t been confirmed yet, we’re in a crab market that typically ranges day to day. If there were a bear market, we would keep hard at work building and adding utility to the project. The more utility, the better. The fees would also help us continue to fund the project even through a multi-year bear market. Remember, the projects that survived a multi-year bear market kept building + adding utility and we plan to do the same.

Q5 from Telegram user @Jonahapagu
On your roadmap there is a plan to launch Merchandise by July which is next month, so what are the details of this merchandise, what kinds of goods and services will your merchandise be and how will you go on to implement this idea of merchandising in CashDog…

Wes (WILL NEVER DM YOU FOR MONEY):
We are using a 3rd Party to create TShirts, Mugs, Keyrings, etc. all with the CashDog Logo. All money from Merchandise will go directly to Charity. More info coming soon!

Q6 from Telegram user @Smartling
Can you outline some of the actions the ream has taken so far to build trust among users in the ecosystem?

Wes (WILL NEVER DM YOU FOR MONEY):
Trust comes from actions not words. People can see how we run our other projects. NFTLootbox is a great example. It’s been running for around 9 months now. Everything we said we would do we did. Liquidity locked, contracts audited, deadlines met. Talk is cheap, but it’s best to just people on their actions and past performance. I think when people do their research on us they will be more than happy 🙂

Q7 from Telegram user @Asela1112
Can anyone access to donation funds & liquidity pool? If yes how does it affect on security of those funds?

Mr Kawdy (WILL NOT DM YOU FIRST):
Only the team (more specifically @Chonkybob and I) can access the donation funds. As for the liquidity pool, it is locked on pancakeswap until 2099. Anyone can add liquidity to the pool and earn a proportional percentage of fees that liquidity providers earn from each trade (.17%). Adding liquidity helps the project as it provides more BNB for the liquidity pool which in term allows for less volatile prices (sells have less impact). In terms of security, our tight restrictions ensure that the charity funds are safe from potential malicious actors.

Q8 from Telegram user @Ambbobb
Can you provide us all the neccessary links in your project?

Wes (WILL NEVER DM YOU FOR MONEY):
Please check out the website cashdog.io – all links are there. Telegram, Twitter, Youtube, Reddit, Insta, Facebook, etc. 🙂

Q9 from Telegram user @jackson5aaa
What is your plan about globalization? Do you have local Communities for those users who don’t understand English well?

Wes (WILL NEVER DM YOU FOR MONEY):
We have multiple international telegram rooms and we are adding new ones all the time. We have Spanish, German, Chinese, etc.. but we are always looking to expand further. Maybe someone here could help with future international rooms? :). Do get in touch!

Q10 from Telegram user @cheriemike
How can we donate in support of your project?

Wes (WILL NEVER DM YOU FOR MONEY):
The easiest way is to buy the coin! You are donating by just buying. Hopefully, you can make some money at the same time. So win-win!

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Cashdog. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
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